Enterprise 2.0

China Century Cement Cuts the Time for Cost Statements From Three Days to One Day

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Executive Summary

China Century Cement wanted to enable the financial department to achieve accurate and timely cost assignment and tracking and reduce the number of receivables accounts to improve credit management and cash flow. The challenge was to establish efficient delivery processes to ensure customers receive their cement shipments on time and standardize procurement processes to better manage costs. China Century Cement strengthened management of core and subsidiary businesses by implementing an enterprise resource planning system based on Oracle E-Business Suite, which provided managers with greater visibility of finance, sales, purchases, and inventory processes.

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